Insurance Activity (Tables)

9 Months Ended

Sep. 30, 2012

Premiums assumed and earned are as follows for the periods ended September 30, 2012 and 2011 respectively:


	Successor		Predecessor		Successor		Predecessor		Predecessor
	Three Months Ended September 30, 2012		Three Months Ended September 30, 2011		Period from March 20, 2012 through September 30, 2012		Period from January 1, 2012 through March 19, 2012		Nine Months ended September 30, 2011
Premiums assumed	$	4,149	$	8,653	$	10,385	$	6,130	$	26,591
Change in unearned premiums		45		48		96		47		166

Premiums earned	$	4,194	$	8,701	$	10,481	$	6,177	$	26,757

Components of the Liability for Losses and Loss Adjustment Reserves

The components of the liability for losses and loss adjustment reserves are as follows as of September 30, 2012 and December 31, 2011:


	Successor		Predecessor
	September 30, 2012		December 31, 2011
Case-basis reserves	$	108,807	$	132,970
IBNR reserves		6,096		6,049
Premium deficit reserves		15,786		3,100

Total	$	130,689	$	142,119

Summary of Losses and Adjustment Reserve Activity

Losses and loss adjustment reserve activity are as follows for the nine months ended September 30, 2012 and the year ended December 31, 2011:


	Successor			Predecessor
	September 30, 2012			December 31, 2011
Balance at beginning of period	$	142,119		$	190,036
Incurred—prior periods		27,567			47,321
Paid—prior periods		(38,997	)		(95,238	)

Total	$	130,689		$	142,119

- Definition

Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims.

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- Definition

The entire disclosure for the supplemental schedule of reinsurance information required to be filed for each period for which an audited income statement is presented. Reinsurance schedule includes the type of insurance, gross amount of premiums, premiums ceded to other companies, premiums assumed from other companies, net amount of premium revenue, and the percentage of the premiums assumed to net premium revenue.

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